Hydro Systems Launches RiteFlex Line of Handheld Dispensing System Solutions

Hydro Systems | October 20, 2020

Hydro Systems, part of PSG and Dover, today announced its new family of RiteFlex™ portable dispensing products. The patent-pending product range features the RiteFlex Handheld Dispenser available in single and dual flow, and the RiteFlex Foamer/Sprayer. "Handheld dispensers offer numerous benefits, including versatility and the convenience of being ready to use without installation, training or additional equipment," said Matt Hayas, Global Product Manager, Hydro Systems. "Our RiteFlex products are the perfect solution for end-users who don't want the investment of a wall-mounted dispenser or for chemical suppliers who want to provide customers with convenience similar to ready-to-use products."

Spotlight

Basic chemicals, produced in large quantities, are mainly sold within the chemical industry and to other industries before becoming products for the general consumer. For example, ethanoic acid is sold on to make esters, much of which in turn is sold to make paints and at that point sold to the consumer.

Spotlight

Basic chemicals, produced in large quantities, are mainly sold within the chemical industry and to other industries before becoming products for the general consumer. For example, ethanoic acid is sold on to make esters, much of which in turn is sold to make paints and at that point sold to the consumer.

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Buckeye Partners Completes Bear Head Clean Energy Acquisition

Buckeye Partners L.P. | July 16, 2022

Buckeye Partners, L.P. announced that it closed on the previously announced acquisition of Bear Head Energy, Inc. which is developing a large-scale green hydrogen and ammonia production, storage and export project in Point Tupper, Nova Scotia with hydrogen electrolyzer capacity of over two gigawatts. “Buckeye’s intention with this acquisition is to develop a large-scale green energy production, distribution and export hub. Given the project’s unique features and the geographic advantages of the region, including its status as one of the top locations globally for wind energy generation, we believe that this has the potential to become one the world’s premier green hydrogen production facilities. As Buckeye continues to evolve into a more diversified energy company, acquisitions like Bear Head represent an opportunity for us to invest in growth that aligns with our customers’ evolving needs and ESG priorities while leveraging our existing expertise and capabilities.” Buckeye CEO Todd Russo As part of the project’s phased development, Buckeye plans to partner with on-shore and off-shore renewable energy developers to build out a large-scale green hydrogen hub for Atlantic Canada. Buckeye and Bear Head believe this development will create a significant number of new clean energy jobs in the province, help support Nova Scotia's carbon emissions reduction targets, and establish the region as a global leader in the production of green hydrogen for domestic and export markets. “Together, Bear Head and Buckeye have the experience and resources necessary to successfully develop, construct and operate a world class green hydrogen facility on the Bear Head site,” said Bear Head President and CEO John Godbold. “Under Buckeye’s ownership, we believe that the Bear Head project will become a premier asset in the global hydrogen value chain by matching Nova Scotia’s considerable renewable resources with the world’s growing need for green fuels.” “Bear Head is striving to build the modern clean hydrogen economy, and every decision we make is with a focus on creating a carbon-neutral future,” said Bear Head COO, Paul MacLean. “We are proud to be fully aligned with Buckeye, who shares our core values with respect to our commitment to working with Nova Scotia Mi’kmaw communities through open communication, engagement and delivering a broad partnership on key elements of our project. With the full support from local stakeholders and our owners, we believe that Bear Head will be well-positioned to help drive the transition to a low-carbon economy.” Buckeye established its Alternative Energy operating segment as a clean energy business that focuses on the development, construction, and operation of alternative energy projects, including hydrogen, wind, and solar-powered energy solutions. The Bear Head Project is an addition to Buckeye’s growing asset portfolio in the clean energy sector and will further diversify the company’s revenue sources and position Buckeye to meaningfully participate in the energy transition. “Buckeye's new and ongoing commitment to Canada is an investment in the skills of Canadian workers, in our access to global markets, and in our dedication to powering the green future,” says Katie Curran, Interim CEO, Invest in Canada. “Foreign direct investment is bringing jobs, stability and promise to some of Canada's smaller communities, further proving that global investors will look at all corners of Canada for opportunities.” Hydrogen, which burns without releasing carbon, is one of the most promising paths to reducing emissions from hard-to-abate industries including the maritime sector, heavy vehicle transportation, fertilizer and power generation. As the world moves steadily towards rapid decarbonization and governments around the world set new, progressively ambitious climate goals, hydrogen will play a central role in the energy, industrial and transportations sectors.

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CHEMICAL MANAGEMENT

ClassOne Technology and Fraunhofer ENAS to Collaborate on Hybrid Bonding for Advanced Imaging Devices

ClassOne Technology | June 03, 2022

ClassOne Technology, a leading global provider of advanced electroplating and wet processing tools for microelectronics manufacturing, today announced it is partnering with the Fraunhofer Institute for Electro Nano Systems (ENAS) on hybrid bonding techniques for heterogeneous integration of high-density pixel arrays. The work will be conducted at Fraunhofer’s Chemnitz, Germany, facility, which is fully equipped with advanced process systems, including electroplating, chemical-mechanical planarization (CMP), wafer aligners and bonders, and tools for all wafer cleaning steps. The two partners will collaborate to develop, optimize, and integrate individual unit process steps involved in hybrid bonding of high-density pixel arrays and CMOS devices, enabling creation of thin, compact final devices for advanced imaging or sensing end products. Fraunhofer ENAS will lend its expertise in pixel array development, hybrid bonding and the entire device integration scheme. ClassOne Technology will optimize its industry-leading plating technology with CMP to mitigate associated process challenges, resulting in a final wafer optimally conditioned for high-yield bonding. The goal of the joint effort is to construct a scalable process that speeds the pixel array die transfer onto the backplane wafer. “Through our R&D work with a range of semiconductor technologies, we have witnessed the emergence of device technology advancements and enabling integration schemes that require world-class electroplating capabilities. ClassOne has built a sterling reputation in this area, particularly for More than Moore applications. Their combination of industry know-how and on-wafer processing capability makes them our ideal partner to create a cohesive hybrid bonding integration scheme for high-density pixel arrays.” Harald Kuhn, head of Fraunhofer ENAS “Fraunhofer ENAS’s vision for technology enablement is closely aligned with ours, making this partnership a great fit for us both,” concurred John Ghekiere, vice president, product and technology for ClassOne Technology, whose solutions have been selected by the world’s leading fabs for development and production of microdisplays. “Fraunhofer requires the advanced electroplating capability that our Solstice platform delivers, and ClassOne seeks to ensure our solutions fit perfectly into the emerging integration schemes that are driving new, enabling device innovations.” About Fraunhofer ENAS The Fraunhofer Institute for Electronic Nano Systems ENAS focuses on applied research for the development of smart integrated systems. The institute offers research and development services from the idea, via design and technology development up to tested prototypes. It is also a leading center for micro materials reliability. About ClassOne Technology ClassOne Technology is a leading provider of advanced electroplating and wet processing systems for semiconductor and microelectronic device manufacturing around the world. Its advanced IP portfolio comprises highly customized, cost-effective processing solutions for critical wafer processes used to manufacture compound semiconductor devices for the photonics, power, 5G, sensor and MEMS markets. With tools installed in leading-edge fabs and research organizations worldwide, ClassOne’s flagship Solstice® platform is highly configurable, comprising fully and semi-automated electroplating and wet processing applications with the industry’s most competitive ROI.

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CHEMICAL MANAGEMENT

Celanese Corporation Prices $7.5 Billion of Permanent Financing for DuPont M&M Acquisition

Celanese | July 08, 2022

Celanese Corporationa global chemical and specialty materials company, priced $7.5 billion in permanent financing for the acquisition of a majority of DuPont’s Mobility & Materials business The Company announced that its subsidiary, Celanese US Holdings LLC has priced a registered offering of $7.5 billion aggregate principal amount of notes of various maturities with interest rates ranging from 5.91% to 6.38%. The Notes will be guaranteed on a senior unsecured basis by the Company and certain Celanese domestic subsidiaries, similar to prior issuances. The Offering is expected to close on or about July 14, 2022. The Company simultaneously entered into a cross-currency swap to effectively convert $2.5 billion of the US dollar denominated Notes into a euro-denominated borrowing at prevailing euro interest rates. The effective net borrowing rate to the Company will be approximately 5.6%, inclusive of the yield on the Notes and the beneficial impact of the currency swap. “We are pleased to have secured a significant portion of the permanent financing for the M&M acquisition in this first window of opportunity. We were purposeful in securing an amount of debt that maintained competitive rates considering current debt market conditions. The cross-currency swap we simultaneously entered will help to align our currency mix with our anticipated global earnings while reducing our total borrowing cost. Looking to the future, we expect to have multiple windows and potential funding sources to secure the remaining financing, with flexibility depending on market conditions and the eventual timing to close the acquisition.” Scott Richardson, executive vice president and chief financial officer This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described herein, nor shall there be any sale of these securities in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. The offering may be made only by means of a prospectus and prospectus supplement meeting the requirements of Section 10 of the Securities Act of 1933, as amended. The offering will be made pursuant to an effective shelf registration statement, which was previously filed by Celanese with the Securities and Exchange Commission, and a prospectus supplement and accompanying prospectus, which will be filed by Celanese with the Securities and Exchange Commission. About Celanese Celanese Corporation is a global chemical leader in the production of differentiated chemistry solutions and specialty materials used in most major industries and consumer applications. Our businesses use the full breadth of Celanese's global chemistry, technology and commercial expertise to create value for our customers, employees, shareholders and the corporation. As we partner with our customers to solve their most critical business needs, we strive to make a positive impact on our communities and the world through The Celanese Foundation. Based in Dallas, Celanese employs approximately 8,500 employees worldwide and had 2021 net sales of $8.5 billion.

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